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Economics
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A demand curve

   

A) slopes down because of the inverse relationship between price and quantity demanded.
   

B) slopes up because of the positive relationship between price and quantity demanded.
   

C) is vertical for necessities, upward sloping for luxury goods, and downward sloping for all other goods.

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Related questions

The aggregate demand curve slopes downward indicating that:
a. an increase in the general price level will increase the aggregate quantity of goods and services demanded.
b. consumers substitute between domestic-made and foreign-made goods as their relative prices change.
c. a change in the interest rate will alter the aggregate quantity of goods and services demanded.
d. an increase in the general price level will reduce the aggregate quantity of goods and services demanded.

A demand curve that illustrates the law of demand​ ______.

A. shows that the quantity demanded increases as the price rises.

B. has a positive slope.

C. is upward sloping.

D. shows that the quantity demanded increases as the price falls.

Which statement reflects the inverse relationship between quantity demanded and price?
 
a. As the price goes up, quantity demanded goes up.
b. As the price goes down, quantity demanded goes up.
c. As the supply goes up, the price goes up.
d. As the supply goes up, the demand goes up.

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